INVESTOR PACKAGE FOR 84 NE 50S T

JOEKENO INVESTMENT GROUP INC.
18459 PINES BLVD #235

PEMBROKE PINES FL 33029

84 NE 50 STREET
MIAMI FL 33137

GREAT FIX & FLIP OPPORTUNITY

THIS BEATIFUL HOME IS IN A PRIME
LOCATION IN HIGHLY DESIRABLE BUENA

VISTA/ LITTLE HAITI MIAMI FL.

SUMMERY REPORT JOEKENO
INVESMENT

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JOEKENO
INVESMENT

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COMPARATIVE MARKET ANALYSIS

Address Sell Amount Date

4750 NE Miami CT Sold for $ 649,000.00 Jan. 19, 2017
Miami FL 33137
3bed /2bath 1,683 sqft

29 NE 48 Street Sold for $ 649,000.00 Jan. 7, 2016
Miami FL 33137
3bed /3 1/2bath 1,940 sqft

525 NE 50 th TER Sold for $ 690,417.00 Sept. 20, 2016
Miami FL 33137
3bed /2bath 2,155 sqft

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JOEKENO
INVESMENT

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REHAB ESTIMATE

Est imat e # 4 1/ 3 0 / 17, 12 :3 1 AM

Estimate JOE KENO INVESTMENT GROUP
Update your company address,
for under Settings > My Company
JOEKENO INVESTMENT GROUP Reston, VA 20191
INC. 305.814.7468
84 NE 50th St
Miami, Florida 33137

Estimate No. 4 Issued on Sun Jan 29, 2017

Qty Name Description Rate Amount Tax

1 Architect/Drawing Structural, Plumbing and Electrical drawing $5,500.00 $5,500.00 NON

1 Demo Demolish 2 efficiency structure, haul away and $11,500.00 $11,500.00 NON
discharge all debris

1 Roofing Demolish part of the roof (approx 1000 soft) and $6,600.00 $6,600.00 NON
rebuild as same level of the main roof

1 Electrical Rewire the entire property, according to the new $4,000.00 $4,000.00 NON
electrical drawing

1 Plumbing Re-plumbing the entire property according to the $7,500.00 $7,500.00 NON
new drawing

1 Structure Build new master bathroom and new closet $2,500.00 $2,500.00 NON
(bathtub, toilette, vanity, sink and faucet not
included)

1 Main Bathroom Remodeling $800.00 $800.00 NON

1 Kitchen Installation of ne Maple Wood Kitchen cabinet and $9,020.00 $9,020.00 NON
quartz counter top with stainless steel appliances

1 tile removal Remove existing tiles $2,000.00 $2,000.00 NON
$4,400.00 $4,400.00 NON
1 Flooring installation of 18oo soft of new tiles (tiles are not
included)

0 Window Installing ne impact window $16,800.00 $0.00 NON

1 Doors Installation of doors (6) (doors not included) $1,200.00 $1,200.00 NON

1 Plaster inside plaster of the entire property $2,500.00 $2,500.00 NON

1 Outside Plaster Outside plaster of entire property $4,400.00 $4,400.00 NON

1 Painting inside painting of entire property inside and outside $2,000.00 $2,000.00 NON

1 rehab supply Supplies for total rehab, including appliance, all $30,000.00 $30,000.00 NON
electrical material, plumbing, bathroom & tiles

1 Baseboard Supply and installation of wood baseboard in the $400.00 $400.00 NON
entire unit

1 Landscaping landscaping front & back yard $5,000.00 $5,000.00 NON

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ESTIMATED TOTAL $99,320.00

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BREFORE AND AFTER DESIGN

Exterior Before Exterior After

Living Room Before Living room After

Kitchen Before Kitchen After

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BREFORE AND AFTER DESIGN

Guest Bathroom Before Guest Bathroom After

Master Bathroom Before Master Bathrooms After

Bedroom #1 Bedroom #2

Den Before Den After

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INVESTMENT BREAKDOWN JOEKENO
INVESMENT

GROUP

ESTIMATED MIAMI-DADE TAX FOR $300K PURCHASE

Owner’s Title Insurance Policy $ 1,575.00

Lender’s Title Insurance Policy $ 25.00

Florida Form 9 Title Endorsement $ 160.00

Alta Title Endorsement $ 25.00

Closing fee $ 500.00

Recording fees $ 200.00

Total Closing Cost $ 2,485.00

ESTIMATED MIAMI-DADE TAX FOR $610K PURCHASE

Closing Fee $ 350.00

Documentary Stamp Tax $ 3,660.00

Realtor Commission Percentage $ 36,600.00

Title Examination Fee $ 75.00

Title Insurance $ 3,125.00

Title Search $ 85.00

TOTAL CLOSING COST $ 43,895.00

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JOEKENO
INVESMENT

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PROFITS FROM PROPERTY SALE

After Repair Value $ 610,000.00
Purchase Price $ 300,000.00
Closing Cost $ 2,485.00
$ 99,320.00
Cost of Repair $43,895.00
Closing Cost $6,100.00
Carrying Cost

TOTAL PROFIT = $ 158,200.00

Carrying Cost is 1% of ARV (Taxes, Insurance & Property Upkeep)

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JOEKENO
INVESMENT

GROUP

MIXED-USE SITE PLAN FOR EASTRIDGE IN LITTLE HAITI CLEARS

The redevelopment plan for Design Place Apartments in Little Haiti cleared its first governmental
hurdle, but with several caveats, including a design charrette that will allow neighborhood
residents to tweak the proposed mixed-use site at 5045 Northeast Second Avenue. Miami’s
Urban Development Review Board voted 5-0 on Wednesday to recommend approval of the
property owner’s special area plan, or SAP, for what will be called Eastridge. In addition to the
design charrette, developer SPV Realty agreed to shift the location of a proposed Tri-Rail train
station, create more connectivity between a paseo and the development’s streets and increasing
the size of a planned park, among other conditions.

Source; https://therealdeal.com/miami/2017/01/19/mixed-use-site-plan-for-eastridge-in-little-haiti-clears-hurdle/

MAGIC CITY, A TECH INNOVATION DISTRICT COMING TO LITTLE HAITI

Developer Tony Cho has partnered with Silicon Valley entrepreneur Bob Zangrillo to bring a $1
billion technology-and-culture-focused development to Miami’s Little Haiti. “Magic City,” as the
development is called, will rise on a 15-acre site between Northeast 60th and 64th streets and
Northeast Second Avenue to the railroad.

Source; https://therealdeal.com/issues_articles/south-florida-briefs -3/

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